Toronto Dominion Bank Raises Stake in Capital One Financial Co. (NYSE:COF)

Toronto Dominion Bank grew its stake in Capital One Financial Co. (NYSE:COF - Free Report) by 30.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 161,827 shares of the financial services provider's stock after buying an additional 38,137 shares during the period. Toronto Dominion Bank's holdings in Capital One Financial were worth $24,230,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Asset Management One Co. Ltd. boosted its position in Capital One Financial by 5.3% during the third quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider's stock valued at $21,976,000 after acquiring an additional 7,331 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Capital One Financial in the 3rd quarter valued at about $1,649,000. Dai ichi Life Insurance Company Ltd boosted its position in shares of Capital One Financial by 36.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 11,162 shares of the financial services provider's stock valued at $1,671,000 after purchasing an additional 3,000 shares in the last quarter. Fisher Asset Management LLC grew its stake in Capital One Financial by 0.7% during the third quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider's stock worth $1,451,527,000 after purchasing an additional 72,097 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Capital One Financial by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,687,999 shares of the financial services provider's stock worth $402,474,000 after purchasing an additional 28,541 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Activity at Capital One Financial

In related news, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the sale, the insider now owns 19,776 shares of the company's stock, valued at approximately $3,211,029.12. This trade represents a 9.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the sale, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,007 shares of company stock worth $4,982,647. 1.30% of the stock is owned by company insiders.

Capital One Financial Stock Down 0.2 %

Shares of COF traded down $0.31 during trading hours on Friday, reaching $184.44. 2,053,149 shares of the stock traded hands, compared to its average volume of 2,566,816. Capital One Financial Co. has a 52 week low of $123.23 and a 52 week high of $198.30. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $173.44 and a 200 day simple moving average of $152.27. The company has a market cap of $70.37 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.36 and a beta of 1.45.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.70 by $0.81. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.45 EPS. On average, equities analysts forecast that Capital One Financial Co. will post 13.54 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.30%. Capital One Financial's payout ratio is currently 22.66%.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of research analyst reports. Citigroup initiated coverage on Capital One Financial in a report on Friday, September 20th. They set a "buy" rating and a $190.00 price target on the stock. Keefe, Bruyette & Woods raised their price target on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an "outperform" rating in a report on Monday. The Goldman Sachs Group upped their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Robert W. Baird raised their target price on Capital One Financial from $145.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada upped their price target on Capital One Financial from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $168.47.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.